Terra (LUNA) and Terra Classic (LUNC) suddenly rose in just a few hours. The price of LUNA rose by 4% in one hour, while the price of LUNC rose by 3% in one hour. The underlying reason for the rise is that the R&D activities of both blockchains have increased with the support of Terra Classic community and social sentiment.
The R&D theme activities of Terra (LUNA) and Terra Classic (LUNC) have increased significantly. TFL launched an inter-chain station wallet that supports Terra, LUNC, Osmosis, Juno, Crescent and other blockchains. Terra Classic blockchain was not supported at first, but after a long discussion, LUNC support was added to the station.
Terraport is a DeFi service platform on Terra Classic, developed and designed by the development group TerraCVita. Its overall goal is to reintroduce public utilities into the chain. This project supports the community's narrative of lighting and construction. Terraport EnterpriseThe Ministry of Finance will continue to ignite 27%Moon22% of Terra.
In addition, Edward Kim, a key developer of Terra Classic, tried to use its connection point hosting service to calm down the FUD closely surrounding the high voting rights of Allnodes and save verifier seed statements. Kim claims that Allnodes has been trying to reduce the voting rights, thus reducing the risk of concentration. On Friday, Allnodes announced the implementation of unmanaged node management for the Internet based on Cosmos.
In addition, the community has upgraded the blockchain from v1.0.4 to v1.0.5 through Proposal No. 11310 proposed by Edward Kim, and introduced coding to enable future updates. It will also repair the Binance LUNC ignition system.
Terra Classic Community plans to increase the price of LUNC by 20% to at least US $0.00020. The price of LUNC recently reached the highest point of US $0.0001943. Although the price of LUNC has increased recently, it is still unable to maintain this level.
The price of LUNC has risen by more than 6% in the past 24 hours, and the current buying and selling price is less than US $0.00018. The price of LUNA was US $2.14, up 5% in the past 24 hours. However, these loan currencies have lost their earlier profits.
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Tue, 18 Apr 2023